All Articles Tagged - US30

Stock Market News (European Open) – DAX records fresh record high, boosted by weaker euro; Nikkei at highest since 1992

Posted on November 7, 2017 at 10:14 am GMT

Bullish sentiment was strong in Asian markets today with major indices closing at multi-year highs. The Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, added 1.7% and 1.2% to finish at their highest since early 1992 and early 2007 respectively. The Nikkei is now eyeing the 23,000 mark. The two benchmarks were boosted by positive corporate results and a weakening dollar/yen pair as component stocks’ revenues are heavily dependent on exports. Hong Kong’s Hang Seng rose by [..]

Stock Market News (European Open) – Spanish stocks underperform on Catalan uncertainty; Stoxx 600 remains near 2-year highs

Posted on November 6, 2017 at 10:37 am GMT

Equities in Asia were giving a mixed picture today with most major indices finishing the day not much changed. In Japan, the Nikkei 225 closed marginally higher and the Topix lost 0.1%. Hong Kong’s Hang Seng was little changed and the Shanghai Composite added 0.5%. Australia’s S&P/ASX 200 slid 0.1%. Dollar/yen today touched a near eight-month high of 114.72 on the back of monetary policy divergence as the Federal Reserve remains on a path of normalization whereas the Bank of [..]

Stock Market News (European Open) – FTSE eyes record high; jobs report could drive sentiment in the US

Posted on November 3, 2017 at 10:15 am GMT

Out of Asia, Hong Kong’s Hang Seng added 0.3% with the Shanghai Composite finishing the day lower by 0.4%. Australia’s S&P/ASX 200 advanced by 0.5%. Japanese markets were closed for Culture Day. At 1001 GMT, the overall picture in Europe was positive for the most part with the pan-European Stoxx 600 being up by 0.2%. The blue-chip Euro Stoxx 50 was little changed. The FTSE 100 was 0.3% higher. It yesterday surged on the back of a declining sterling following [..]

Stock Market News (European Open) – European equities slightly lower ahead of BoE; Apple results after US market close

Posted on November 2, 2017 at 9:42 am GMT

Asian equities were projecting a mixed picture today. The Nikkei 225 and the Topix, which more broadly gauges Japanese equity performance, added 0.5% and 0.4% respectively, yet again closing at multi-year highs. Hong Kong’s Hang Seng lost 0.3% and the Shanghai Composite slid by 0.4%. Australia’s S&P/ASX 200 retreated by 0.1%. In the US, sources have indicated that current Fed Board of Governors member Jerome Powell is President Trump’s pick to lead the Fed when Janet Yellen’s term ends in [..]

Stock Market News (European Open) – Positive momentum in Asia moves over to Europe; Stoxx 600 at 2-year high; Facebook eyed

Posted on November 1, 2017 at 9:49 am GMT

Bullish sentiment was strong during today’s trading in Asia with major indices recording notable gains. In Japan, the Nikkei 225 and the broader Topix advanced by 1.9% and 1.2% respectively, closing at fresh multi-year highs. Hong Kong’s Hang Seng added 1.2% and the Shanghai Composite rose by 0.1%. Australia’s S&P/ASX 200 gained 0.5% and South Korea’s Kospi advanced by 1.3% to yet again finish the day at an all-time high. Sony Corporation, a Nikkei 225 and Topix constituent stock, surged [..]

Stock Market News (European Open) – European indices broadly in the green; Stoxx 600 hits 5-month high

Posted on October 31, 2017 at 10:13 am GMT

In Asia, the Nikkei 225 remained flat, while the Topix, Japan’s broader gauge of equity performance, lost 0.3%. Hong Kong’s Hang Seng slid 0.3% while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 contracted by 0.2% and the South Korean Kospi advanced by 0.9% to close at an all-time high. Japanese benchmarks were impacted by the decline in SoftBank (down 4.6% – a component stock in both the Nikkei 225 and the Topix). The sell-off was fueled on the back [..]

Stock Market News (European Open) – Spanish stocks outperform; Shanghai equities retreat on deleveraging worries

Posted on October 30, 2017 at 9:55 am GMT

In Asian equities, the Japanese Nikkei 225 and Topix indices finished the day flat, remaining at the multi-year highs hit on Friday when the two benchmarks posted sizable gains. Hong Kong’s Hang Seng lost 0.4% and the Shanghai Composite declined 0.8%. Australia’s S&P/ASX 200 added 0.3%. Shanghai stocks contracted the most in more than two months on the back of expectations for a slew of IPOs and bond yields edging higher, hinting to tighter liquidity. The rise in bond yields [..]

Stock Market News (European Open) – Weaker euro, sterling boost exporter-heavy European indices; DAX, CAC hit record highs; Chevron, Exxon eyed

Posted on October 27, 2017 at 10:00 am GMT

Out of Asia, the Nikkei 225 added 1.2% to close above the 22,000 mark for the first time since 1996. The Topix, Japan’s broader gauge of equity performance, gained 1.0% to finish at its highest since July 2007. The two exporter-heavy benchmarks were supported as dollar/yen was on the rise. The pair today touched 114.31, its highest since July 11. Hong Kong’s Hang Seng advanced 0.8% and the Shanghai Composite climbed by 0.3%. Australia’s S&P/ASX 200 lost 0.2%. The picture [..]

Stock Market News (European Open) – Spanish equities decline on Catalonia uncertainty; Alphabet, Amazon in focus

Posted on October 26, 2017 at 9:58 am GMT

After yesterday’s decline that ended their long streak of gains, the Japanese Nikkei 225 and the Topix indices advanced by 0.15% and 0.1% respectively during today’s trading. Hong Kong’s Hang Seng lost 0.4% and the Shanghai Composite added 0.3%. Australia’s S&P/ASX 200 rose 0.2%. Today’s decision on monetary policy by the European Central Bank at 1145 GMT as well the press conference by President Mario Draghi at 1230 GMT are without a doubt the highlight of the day. The ECB [..]

Technical Analysis – US 30 stock index strongly bullish; looking overbought

Posted on October 25, 2017 at 2:09 pm GMT

The US 30 stock index reached another all-time high of 23485.10 yesterday as the index extended its second longest bull run in its history. Prices broke above the 23000 level for the first time on October 17 and are trading above their moving averages. The bullish picture in the medium term is further supported by the MACD, which is rising and above its red signal line. Short-term momentum indicators are also pointing to a continuation of the bullish bias. However, [..]

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